Together has reduced mortgage rates by up to 0.20% across its core product range, including buy-to-let (BTL), commercial term, first and second charge mortgage, and consumer buy-to-let (CBTL) products.
The Manchester-based lender’s first charge 2-year fixed rate has been reduced from 8.15% to 8.05%, while the 5-year fixed has dropped from 7.59% to 7.39%.
For its second charge mortgages, the lender’s 2-year fixed has fallen to 8.54% and the 5-year fixed to 7.90%.
CBTL products have also seen cuts, with the 2-year fixed reduced to 7.30% and the 5-year fixed to 7.20%, while commercial and semi-commercial term rates have fallen by 0.20% across the range, with 5-year fixed rates now starting at 8.24%.
Tanya Elmaz, managing director of intermediary sales at Together, said: “In today’s economic climate, these rate reductions are excellent news for both brokers and their customers. By lowering monthly payments and enhancing affordability, we’re helping more people access the finance they need to achieve their property ambitions.
“The changes allow us to support brokers in placing more cases, and to help customers manage their finances more effectively. Lower monthly repayments go a long way to making mortgages more affordable.
“Additionally, improved affordability assessments may increase the amount customers are eligible to borrow, offering greater flexibility in a challenging economic climate.
“It’s part of Together’s ongoing commitment to making property finance more accessible and sustainable for all. We remain committed to supporting our much-valued intermediary partners with competitive products and excellent service, ensuring they can continue to meet the ever-evolving needs of clients.”
